311 N 3rd St, Philadelphia, PA 19106

Property Description

311 North 3rd Street, is a well-maintained and architecturally rich building located in the heart of Old City, Philadelphia. This vacant, mixed-use asset offers an ideal footprint for adaptive reuse, redevelopment, or investment. Encompassing approximately 7,100 square feet across five floors, plus a full basement, the property sits on a 1,609 SF lot and stretches 90 feet deep. With 18 feet of frontage on both North 3rd and North Bodine Streets, the building benefits from abundant natural light from the east and west elevations—an uncommon and desirable feature in urban structures of this kind. Currently configured with a functional freight elevator, the building supports flexible commercial or residential uses and facilitates vertical movement of goods or build-out materials—especially beneficial for a multi-floor retail, office, or live-work concept.Zoned CMX-3, the property is perfectly positioned for a condominium conversion, apartment redevelopment, or mixed-use repositioning. The ground floor is retail-ready, offering excellent visibility and foot traffic, while the upper floors and basement provide significant value-add potential for residential or creative commercial space. Throughout the property, original character blends seamlessly with modern upgrades, preserving key architectural details such as large industrial-style windows, high ceilings, and solid construction. The building has been consistently maintained, presenting a clean slate for developers or owner-users to bring their vision to life. Surrounded by a mix of historic properties and new construction, and just steps from cafes, galleries, and transit, 311 North 3rd Street offers a rare opportunity to own and transform a legacy building in one of Philadelphia’s most sought-after neighborhoods.